Crypto market data provider CoinMarketCap (CMC) enumerates the best performing crypto assets amid a less than stellar first quarter for the broader crypto market.
According to CMC’s Crypto Market and User Trends Q1 2020 report, there are a handful of digital assets that made huge leaps during the “grim” quarter. CMC reveals that Bitcoin SV (BSV) tops the bill after surging by 76%. UNUS SED LEO (LEO) printed gains of over 26% and ChainLink (LINK) is not far behind as its market cap grew by 25.4%.
In addition, Tezos (XTZ) posted a 20% increase while Bitcoin Cash (BCH) soared by over 10%. The crypto market data aggregator highlights that these coins were able to swim against the current as investors sought liquidity and sold risk assets in the first quarter.
Meanwhile, Bitcoin’s market capitalization was badly beaten as it plunged nearly 10% for the quarter ending on March 31. Among large-cap coins, EOS (EOS) is the biggest loser, shedding over 16% of its market cap. Ripple (XPR) and Binance Coin (BNB) follow suit with losses of 8.16% and 7.98%, respectively.
The CMC report also reveals that young users continue to show a strong interest in cryptocurrencies. In comparison to the previous quarter, nine countries saw tremendous growth in users in the 18-24-year-old age group:
- Nigeria: +210.6%
- Australia: +158.07%
- Spain: +120.7%
- Canada: +112.45%
- Mexico: +97.33%
- UK: +91.48%
- Colombia: +85.07%
- India: +83.07%
- Pakistan: +81.79%
You can check out the full report here.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/djhayazaa